Answered

6. How much is the simple interest when the principal amount is P10,000.00, r=6% and T= 2 years?​

Sagot :

Toopeerviz

Answer:

A= 22,000.00

Step-by-step explanation:

A=P(1 + rt)

A= 10000(1 + 0.6*2)

A=10000(2.2)

A=22000

CloudyClothyviz

Answer:

The simple interest is [tex]\sf1200[/tex]

Step-by-step explanation:

[tex]\sf \: Principal \: (P) \: 10,000.00 \times Rate \: of \: Interest(RI) \: 6\% \times Time \: (T) \: 2 years[/tex]

[tex]\sf \: S= 10,000.00 × 6\% \times 2 \: year[/tex]

[tex]\sf \: S= 10,000.00 × 0.06 \times 2 \: years[/tex]

[tex]\boxed{\sf \: S= 1,200}[/tex]